Bitcoin Trapped in $62K-$65K Range Despite Record ETF Inflows

Bitcoin remains stuck in a tight range between $62,000 and $65,000 despite inflows of over $763 million into U.S. spot Bitcoin ETFs over the past four days.

The price held steady at around $64,200 on August 7, down 0.5% from the previous day's close and 0.6% lower over the past week, according to crypto.news market data.

Daan Crypto Trades said a move above $67,000 would make the structure more constructive, but until that happens, Bitcoin remains in sideways trade.

The Senate has delayed its vote on the CLARITY Act, which aims to establish a federal digital asset market structure and clarify regulatory responsibilities between the SEC and CFTC, until September. This removes an expected August policy catalyst for Bitcoin.